Investments and Business

The United States produced an unexpectedly sizable batch of jobs last month, a boon for American workers that shows the labor market retains remarkable strength after three years of expansion.Employers added 353,000 jobs in January on a seasonally adjusted basis, the Labor Department reported on Friday, and the unemployment rate remained at 3.7 percent.The report also put an even shinier gloss on job growth for 2023, including revisions that added more than 100,000 to the figure previously tallied for December. All told, employers added 3.1 million jobs last year, more than the 2.7 million initially reported.After the loss of 14…

A lot of heat, but will there be regulation?Five technology C.E.O.s endured hours of grilling by senators on both sides of the aisle about their apparent failures to make their platforms safer for children, with some lawmakers accusing them of having “blood” on their hands.But for all of the drama, including Mark Zuckerberg of Meta apologizing to relatives of online child sex abuse victims, few observers believe that there’s much chance of concrete action.“Your product is killing people,” Senator Josh Hawley, Republican of Missouri, flatly told Zuckerberg at Wednesday’s hearing. Over 3.5 hours, members of the Senate Judiciary Committee laid…

The N.C.A.A. is investigating the University of Tennessee’s football program for recruiting violations involving a group of outside donors, signaling an escalation of efforts to rein in the growing influence of money flooding into college sports, according to documents and people familiar with the case.The investigation is focused on Tennessee’s high-profile donor collective, a group of alumni and wealthy boosters who support the team by channeling payments and other benefits to players. The inquiry is looking at, among other things, the group’s role in flying a high-profile recruit to campus on a private jet while the football team was wooing…

Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace.Yet at Hefei’s market for construction materials, which fills 10 city blocks, local merchants are gloomy. Wu Junlin, a vendor of doors, has closed two of his three stores and laid off all but one of his dozen employees.“I have been doing this for 20 years — after all these years, this year is the worst,” he said, sitting in his last store with no customers…